Pay By Group provides an embedded, white-label checkout solution that lets friends and family collaborate to split the cost of a shared purchase. Founded in 2011 by Camilo Acosta, the company operates out of San Francisco and Guadalajara, Mexico. Its product is intended for integration into partner platforms as an embedded payments option. The company has attracted venture investors and recently received a follow-on investment from Czar Ventures and other backers; the amount and terms were not disclosed. Named investors include SparkLabs Global Ventures, Great Oaks Capital, 500 Startups, John Owen, Deb Lui, Karl Jacob, Greg Kidd and Bryan Bradford. No revenue or user metrics were disclosed in the report. Pay By Group provides a white-label e-commerce conversion tool that enables friends or family to collaborate and split the cost of any purchase. The company began in the vacation rental industry by integrating with regional property-management sites as an option for small groups to organize and split the cost of rentals and has since grown to work with enterprise clients in the vacation rental vertical and beyond. Its payment solution can handle transactions in over 70 countries worldwide. Led by CEO Camilo Acosta and CRO Frank Langston, the company is based in San Francisco and Guadalajara, Mexico, and was incubated at 500 Startups and CommerceInnovated. Pay By Group raised $3.4M in seed funding and intends to use the proceeds to expand operations.

Total raised

$3M

Funding rounds

2

Latest round

Seed

Latest activity

Oct 2016